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CLSE vs. ADME
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CLSE and ADME is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.7

Performance

CLSE vs. ADME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Convergence Long/Short Equity ETF (CLSE) and Aptus Drawdown Managed Equity ETF (ADME). The values are adjusted to include any dividend payments, if applicable.

10.00%20.00%30.00%40.00%50.00%60.00%70.00%NovemberDecember2025FebruaryMarchApril
44.87%
9.81%
CLSE
ADME

Key characteristics

Sharpe Ratio

CLSE:

0.25

ADME:

0.32

Sortino Ratio

CLSE:

0.42

ADME:

0.50

Omega Ratio

CLSE:

1.06

ADME:

1.07

Calmar Ratio

CLSE:

0.30

ADME:

0.37

Martin Ratio

CLSE:

0.96

ADME:

1.40

Ulcer Index

CLSE:

3.96%

ADME:

2.88%

Daily Std Dev

CLSE:

15.25%

ADME:

12.67%

Max Drawdown

CLSE:

-14.28%

ADME:

-27.49%

Current Drawdown

CLSE:

-12.38%

ADME:

-10.90%

Returns By Period

In the year-to-date period, CLSE achieves a -7.90% return, which is significantly lower than ADME's -7.49% return.


CLSE

YTD

-7.90%

1M

-4.35%

6M

-4.83%

1Y

2.75%

5Y*

N/A

10Y*

N/A

ADME

YTD

-7.49%

1M

-6.08%

6M

-5.80%

1Y

3.99%

5Y*

10.15%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


CLSE vs. ADME - Expense Ratio Comparison

CLSE has a 1.56% expense ratio, which is higher than ADME's 0.79% expense ratio.


CLSE
Convergence Long/Short Equity ETF
Expense ratio chart for CLSE: current value is 1.56%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CLSE: 1.56%
Expense ratio chart for ADME: current value is 0.79%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
ADME: 0.79%

Risk-Adjusted Performance

CLSE vs. ADME — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLSE
The Risk-Adjusted Performance Rank of CLSE is 4444
Overall Rank
The Sharpe Ratio Rank of CLSE is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of CLSE is 4242
Sortino Ratio Rank
The Omega Ratio Rank of CLSE is 4242
Omega Ratio Rank
The Calmar Ratio Rank of CLSE is 5151
Calmar Ratio Rank
The Martin Ratio Rank of CLSE is 4545
Martin Ratio Rank

ADME
The Risk-Adjusted Performance Rank of ADME is 5151
Overall Rank
The Sharpe Ratio Rank of ADME is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of ADME is 4747
Sortino Ratio Rank
The Omega Ratio Rank of ADME is 4747
Omega Ratio Rank
The Calmar Ratio Rank of ADME is 5555
Calmar Ratio Rank
The Martin Ratio Rank of ADME is 5454
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CLSE vs. ADME - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Convergence Long/Short Equity ETF (CLSE) and Aptus Drawdown Managed Equity ETF (ADME). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for CLSE, currently valued at 0.25, compared to the broader market0.002.004.00
CLSE: 0.25
ADME: 0.32
The chart of Sortino ratio for CLSE, currently valued at 0.42, compared to the broader market-2.000.002.004.006.008.0010.0012.00
CLSE: 0.42
ADME: 0.50
The chart of Omega ratio for CLSE, currently valued at 1.06, compared to the broader market0.501.001.502.002.503.00
CLSE: 1.06
ADME: 1.07
The chart of Calmar ratio for CLSE, currently valued at 0.30, compared to the broader market0.005.0010.0015.00
CLSE: 0.30
ADME: 0.37
The chart of Martin ratio for CLSE, currently valued at 0.96, compared to the broader market0.0020.0040.0060.0080.00100.00
CLSE: 0.96
ADME: 1.40

The current CLSE Sharpe Ratio is 0.25, which is comparable to the ADME Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of CLSE and ADME, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.25
0.32
CLSE
ADME

Dividends

CLSE vs. ADME - Dividend Comparison

CLSE's dividend yield for the trailing twelve months is around 1.00%, more than ADME's 0.48% yield.


TTM202420232022202120202019201820172016
CLSE
Convergence Long/Short Equity ETF
1.00%0.93%1.21%0.85%0.00%0.00%0.00%0.00%0.00%0.00%
ADME
Aptus Drawdown Managed Equity ETF
0.48%0.47%0.78%0.74%0.26%0.41%0.69%0.86%0.32%0.69%

Drawdowns

CLSE vs. ADME - Drawdown Comparison

The maximum CLSE drawdown since its inception was -14.28%, smaller than the maximum ADME drawdown of -27.49%. Use the drawdown chart below to compare losses from any high point for CLSE and ADME. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-12.38%
-10.90%
CLSE
ADME

Volatility

CLSE vs. ADME - Volatility Comparison

Convergence Long/Short Equity ETF (CLSE) and Aptus Drawdown Managed Equity ETF (ADME) have volatilities of 6.43% and 6.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%NovemberDecember2025FebruaryMarchApril
6.43%
6.30%
CLSE
ADME
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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